Where PayPal is placing its bets on agentic payments
New forms of artificial intelligence can take most, if not all, of shopping and checkout out of the hands of humans. Not everybody is going to be comfortable with that, though the payment giant sees travel as a good place to start.
Fed seeks to preserve COVID lessons in its rates strategy
As they rewrite the strategy document that guides their interest-rate decisions, Federal Reserve officials are trying to figure out how to embrace the labor market lessons learned before and during the pandemic.
Small businesses are too important for banks to leave them behind
Small businesses are essential to the ongoing prosperity of the United States, but they are not well served by the country’s largest banks. For everyone’s sake, that needs to change.
Canadian banks prepare for the worst amid Trump tariffs
Royal Bank of Canada, BMO Financial and others increased allocations to cover the possibility of souring loans as trade pressures shake international markets.
Some banks welcome private credit. Others see a time bomb
JPMorganChase CEO Jamie Dimon said he wouldn’t invest in the private-credit business if he were in different shoes. Meanwhile, an executive at Zions Bancorp. predicted that the sector’s rapid growth will end badly.
Ex-First Republic execs win dismissal of shareholder suit
A class action lawsuit against the bank’s top executives and its auditor in connection with its 2023 failure was dismissed by a federal judge, who said the court did not have the authority to hear the case.
Is third time the charm for Basel III endgame?
The past two Federal Reserve vice chairs for supervision failed to implement the final installment of the Basel III capital framework. Newly installed Vice Chair for Supervision Michelle Bowman is taking a new approach to the thorny question of bank capital.
Senate stablecoin bill passes a key procedural vote
The Senate voted 68-30 to invoke cloture on the GENIUS Act, which aims to regulate stablecoins, including backing from all Republicans and 18 Democratic lawmakers.
Hendricks County Bank cuts loan underwriting time in half
Hendricks County Bank loan officers are using Abrigo’s Community Lending platform to help small-business loans get approval more quickly.
US to stop making pennies — here’s what it means for banks
The Trump administration plans to stop minting the one-cent coins early next year. Here are the potential consequences that banks and credit unions should prepare for.